Categories
Small Business
U R the Bank Series | Episode #3 – Reduce Business Risk
Welcome to Paris Financial’s series: ‘ U R the bank’. In this episode, Pat Mannix will chat about Reducing Business Risk. Follow each episode to find out how you can be your own bank, develop your own property portfolio, and protect everything.
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Classifying a new worker
It is important to determine whether a new worker is classified as an employee or a contractor, as it affects tax, superannuation, and other obligations such as workers compensation insurance, as well as the worker’s entitlements.
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Five New Year’s Tax Resolutions
Here we are in 2023! A brand-new year with a set of a brand-new personal resolutions!
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Banking your business income to a private account?
The ATO have no concerns with business owners banking their business takings or other sales in private accounts, however, this can become a major problem for your bookkeeper!
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Stapled super funds for new employees
When you employ new staff and offer them a choice of super fund, it’s possible that they won’t choose one. If this happens, you will need to request the employee’s stapled super fund from the ATO in order to meet your choice of fund obligations.
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Business income and expenses
If you’re running a business, most income you receive is assessable for income tax purposes. The total amount is referred to as ‘assessable income’.
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How’s your record keeping?
Good record keeping makes things easier at tax time – consider if a digital business solution (such as digital record keeping) will help you.
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U R the Bank | Episode #1 – Developing Family Wealth
Welcome to Paris Financials’ series ‘ U R the bank’. In this episode, Pat Mannix will chat about Developing Family Wealth. Follow each episode to find out how you can be your own bank, develop your own property portfolio, and protect everything.
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